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Canada's Moderna shipment of nearly 600,000 doses delayed into next week – National Post

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4 years ago

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‘Moderna tells us the doses will be shipped to Canada no later than Thursday of next week. The supplier has also informed us that this backlog is temporary’

Author of the article:

Ryan Tumilty

Publishing date:

Mar 25, 2021  •  1 hour ago  •  2 minute read  •  11 Comments

The Moderna vaccines have been manufactured, but the quality assurance work has to be completed before the shipment is sent to Canada.
The Moderna vaccines have been manufactured, but the quality assurance work has to be completed before the shipment is sent to Canada. Photo by Nathan Laine/Bloomberg/File

OTTAWA — The planned shipment of 846,000 doses of Moderna’s COVID-19 vaccine to Canada this week will come up short.

The government was expecting the shipment this week as part of the company’s commitment to deliver two million doses of the vaccine in the first quarter. Earlier this week, the company delivered part of that shipment, 255,600 doses, and was expected to complete the shipment on Saturday, but that will now be delayed into next week.

In a statement, Procurement Minister Anita Anand confirmed Moderna had broke the bad news on Thursday afternoon.

“I spoke with executives from Moderna who informed us that, due to a backlog in its quality assurance process, the 590,400 doses that were due to arrive in Canada this weekend have been delayed by a few days,” she said.

Anand said the vaccines have been manufactured, but the quality assurance work has to be completed before the shipment is sent.

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“Moderna tells us the doses will be shipped to Canada no later than Thursday of next week. The supplier has also informed us that this backlog is temporary and will not affect the next scheduled delivery,” Anand said.

  1. Federal Procurement Minister Anita Anand.

    Procurement minister tells MPs Canada’s COVID vaccines won’t be hit by Europe’s export bans


  2. Canada prepping trade options in case EU breaks promise to keep vaccines flowing

Moderna was scheduled to deliver two million doses of its vaccine by March 31. Anand said the delayed doses combined with Pfizer’s shipment and newly acquired doses from AstraZeneca mean Canada will have 3.2 million doses next week.

Anand said Moderna has assured her that the issue is a minor hiccup that won’t impact the next shipment of 855,600 doses set for the week of April 5.

Moderna and Pfizer, which are currently the backbone of Canada’s vaccine effort, are both manufactured in Europe. The European Union has been threatening export restrictions over vaccine shipments, as countries there have struggled with their vaccination efforts.

Anand and Prime Minister Justin Trudeau have both said they have been assured by European officials that Canada is not the bloc’s target with export restrictions.

EU officials have mostly complained about AstraZeneca, which has missed targets for supplying European countries but has manufactured millions of doses in Britain. The U.K. is one of the leading nations in the world in its vaccine rollout.

Speaking on background, government officials said they’re confident the Moderna delay is not related to those export restrictions.

• Email: rtumilty@postmedia.com | Twitter:

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Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

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19 hours ago

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November 6, 2024

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TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

The Canadian Press. All rights reserved.

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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2 days ago

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November 5, 2024

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TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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2 days ago

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November 5, 2024

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ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

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